The first South Island wool sale of the year opened on a more positive note in Christchurch last week.
Buyers were keen to fill orders and new season's lambs wool was especially sought-after as only limited volumes had come forward, PGG Wrightson Wool's South Island sales team said.
Despite the
depressed price levels, most wool growers had been prepared to meet the market as 93 per cent of wool on offer was cleared.
Crossbred fleece (30 to 33 micron) was 3 per cent to 5 per cent dearer and 34 micron and stronger lifted up to 2 per cent.
Mid micron (25 to 30 micron) wools were 1per cent to 3 per cent dearer on very limited volumes.
